Business
Korean Stocks Are Up 89%. Hedge Funders Suggest How to Play It.
Korean stocks have soared nearly 80% this year, making them the world’s best-performing market. But hedge fund managers at the Sohn Investment Conference this past week still saw bargains in an often-overlooked market that’s bigger than Canada’s, with gross domestic product per capita on par with Japan. As PLP Funds founder and Chief Investment Officer Jonathan Lennon said, the world “is coming to Korea” as a leader in chips, ships, and defense.
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